THE LEAN STARTUP

Manik Choudhary, PMI-ACP, CSP, CSPO, PSM-1 manikchoudhary99@gmail.com

Disclaimer

These are my personal opinions on the subject and in no way represent that of my employer.

Facts

9/10 New Products Fail !! Source - http://business-powerpack.com/why-9-out-of-10-new-products-fail

75% of all Startups Fail !! Source- HBR Review – Why the Lean Start-up changes Everything – May 2013

In a Startup, the chance of anything good is always under 50% !! Source- http://www.slideshare.net/startuplessonslearned

64 % of Software is unused !

Product Development to Customer Development

2003

Associate Professor at Stanford University

Has participated in 8 high tech Startup as either a cofounder or an early employee

HBR Review – Why the Lean Start-up changes Everything – May 2013

Business Model Generation

2010

Business Model Canvas - Alex Osterwalder

Standard Framework for Business Model Canvas in BGM

http://www.businessmodelgeneration.com/canvas

Business Model Canvas

HBR Review – Why the Lean Start-up changes Everything – May 2013

Business Model Canvas

http://www.youtube.com/watch?v=QoAOzMTLP5s

Lean Startup

2011

Customer Development

Agile Software

Lean (Toyota Production System)

Five principles of Lean Startup

Problem & Solution

The Startup Owner's Manual

“There Are No Facts Inside Your Building, So Get Outside.” – Steve Blank

StartUp

StartUp

= Experiment

Searching for a Profitable, Scalable and Reliable Business Model

A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty“.

by Eric Ries from the book ”The Lean Startup”

Nothing to do with size of company, sector of the economy, or industry

Lean Startup Principle

Entrepreneurs are everywhere

Entrepreneurship is management

Validate Learning

Build-Measure-Lean

Innovation Accounting

Minimum Viable Product

Minimum Viable Product

http://paulkortman.com/2012/11/21/the-problem-with-a-lean-startup-the-minimum-viable-product/

Minimum Viable Product

https://www.youtube.com/watch?v=78ajiBtkuQs

Pivot

Pivot

Pivot Case Study

https://www.youtube.com/watch?v=kddld-SS7lw

The Customer Development Manifesto

http://steveblank.com/2012/03/29/nail-the-customer-development-manifesto/

Key Takeaways

STOP

WASTING

PEOPLE’S

TIME

Achieving Failure

If we are building something nobody wants, what does it matter if we accomplish it :

On time ?

On budget ?

With high quality ?

With beautiful design ?

Achieving Failure = successfully executing a bad plan

Key Takeaways

Presentation Title

Presentation Title

“Building something nobody wants is the ultimate form of waste.” – Eric Ries

Thank you !!

Manik Choudhary manikchoudhary99@gmail.com LinkedIn - http://www.linkedin.com/pub/manik-choudhary-pmi-acp-cspo-psm/1/54/529 Slide Share - http://www.slideshare.net/ManikChoudharyPMIACP Twitter – #manikchoudhary9

References

http://thebln.com/2011/09/eric-ries-the-lean-startup-the-most-innovative-book-launch-ever-video-transcript-of-erics-talk-the-science-of-lean-startups-at-business-of-software-2010/

http://steveblank.com

http://theleanstartup.com/

http://www.businessmodelgeneration.com/